Two-Wheeler Brake Components Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

The Two-Wheeler Brake Components Market was valued at USD 1.65 Billion in 2024, and is expected to reach USD 4.73 Billion by 2030, rising at a CAGR of 5.20%. The global market for Two-Wheeler Brake Components has shown good potential for growth due to various factors that affirm the growing need for enhanced braking technology. Among these key factors, the ongoing focus on safety and risk-adverse consumers and standards setting bodies remains as one of the primary drivers. In rural areas, two-wheelers are becoming an essential mode of transportation due to their affordability and practicality. The Federation of Automobile Dealers Associations reported that rural contributions to two-wheeler sales surged by 57-60% in the April-June quarter of 2024. This increase is attributed to factors such as favorable monsoon conditions, government initiatives aimed at rural development, and the lack of public transport options in these areas.

As people become more conscious of safety and as there is increasing pressure from governments and other authorities to implement better braking systems, companies are forced to invent equipment like Anti-lock Braking Systems (ABS) and Combined Braking Systems (CBS). With the surge in the population of two-wheeler vehicles, particularly in the urban settings especially in the developing countries, there is massive market demand for better braking systems. Increase in the number of people with disposable income, and rising urbanization meant that motorcycle and scooters demand increased, and so did the need for brake components. The rural two-wheeler market in India is experiencing a resurgence, contributing significantly to overall sales growth. In the first half of 2024, rural areas accounted for 57-60% of two-wheeler sales, driven by factors such as improved agricultural output, favorable monsoon conditions, and government initiatives aimed at rural development.

Key Market Drivers

Growth of Electric Two-Wheelers

The global shift towards electric vehicles has extended to two-wheelers, creating a demand for specialized braking systems. Electric two-wheelers often incorporate regenerative braking systems that recover kinetic energy during braking to recharge the battery. This trend necessitates the development of brake components that seamlessly integrate with these systems, optimizing energy recovery and braking efficiency. The Indian government has introduced several schemes to promote the adoption of electric vehicles, including electric two-wheelers. In 2024, the government approved a USD 1.3 billion incentive scheme, known as PM E-DRIVE, which allocates funds for subsidies on electric vehicles, including two-wheelers. This initiative aims to reduce pollution and encourage the adoption of clean energy vehicles.

Key Market Challenges

High Cost of Modern Braking System

The issues that are faced in the global two-wheeler brake components market are that, high-cost claims a major share in the price of two-wheelers for the incorporation of advanced braking system like ABS and CBS. Despite these systems providing safety superior to other systems, the higher cost of such systems is normally a disadvantage where consumers are sensitive to costs especially in developing nations. Due to this cost factor, these technologies have not benefited more growth as it is seen that two-wheeler manufacturers do not aim at making high profits and thus the prices of such technology will have to be low so that they can penetrate into the two-wheeler market.

Key Market Trends

Integration of Electronic Components

The integration of electronic components into braking systems is a prominent trend in the Global Two-Wheeler Brake Components Market. Smart braking systems that utilize sensors and electronic control units (ECUs) to enhance braking efficiency and safety are becoming increasingly popular. These systems can offer features such as automatic braking, traction control, and real-time monitoring of brake performance. The shift towards electronic integration is driven by the demand for higher safety standards and the growing adoption of connected and autonomous vehicle technologies.

Key Market Players

• Hitachi Astemo, Ltd.
• Nuova FourB S.r.l.
• UNO Minda Limited
• Faurecia SE
• Endurance Technologies Limited
• Akebono Brake Industry Co., Ltd.
• Continental AG
• Robert Bosch GmbH
• Huaihai Holding Group
• ZF Friedrichshafen AG

Report Scope:

In this report, the Global Two-Wheeler Brake Components Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Two-Wheeler Brake Components Market, By Product Type:

• Brake Shoe
• Brake Pad
• Brake Caliper

Two-Wheeler Brake Components Market, By Vehicle Type:

• Scooter/Moped
• Motorcycle

Two-Wheeler Brake Components Market, By Demand Category:

• Replacement
• OEM

Two-Wheeler Brake Components Market, Region:

• Asia-Pacific
• China
• India
• Japan
• South Korea
• Europe & CIS
• Germany
• Spain
• France
• Italy
• United Kingdom
• North America
• United States
• Mexico
• Canada
• South America
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• Saudi Africa
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Two-Wheeler Brake Components Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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